Cannabis and Security

The new year presents new opportunities for the physical security marketplace. In many ways, 2018 will undoubtedly see further development of trends we saw in 2017. In fact, some of the trends determining the future of the physical security industry have been in place for many years. However, not every event in 2018 can be foreseen or easily predicted. To be sure, it is sometimes the surprises that keep life interesting! We asked this week Expert Panel Roundtable: What will be the security marke...

The stigma of the cannabis industry still hangs in the balance
Final installment of 4-part series: The legalisation of recreational marijuana use in Colorado and Washington, along with it medical use in about 23 other states, has created an industry made up mostly of small mom-and-pop operators. “While the revenues in this industry are big, the number of people involved is pretty small,” said one security industry insider.
That’s about to change as Wall Stre...

Third instalment of 4-part series: One question that comes up when talking about security for the cannabis industry is “why aren’t there more companies getting into the business?” While a number of small operators and larger companies have begun offering their services to marijuana retailers, some very big players have largely passed on the opportunity.
According to a report by CNNMoney, security giant ADT won't "sell security services to businesses engaged...

The growing market for legal marijuana (now available in some form in 24 states) has also generated a demand for security products and service to protect the industry from illegal activities.
“For the most part, companies are looking for what we call the traditional surveillance systems whereby you have visible deterrence,” says Monty Henry, president of DPL-Surveillance-Equipment.com LLC in Ventura, Calif.
Many companies are seeking more sophisticated systems t...

The decriminalisation of marijuana has left the security industry apprehensive to collaborate with the industry
If ever there was a market tailor-made for security companies, it’s the growing cannabis industry. Although only two states – Colorado and Washington – currently allow the sale of recreational marijuana and 22 other states permit limited medical use, many within the industry believe the tide has turned in favour of legalisation. [After the recent el...

Round Table Discussions

The new year presents new opportunities for the physical security marketplace. In many ways, 2018 will undoubtedly see further development of trends we saw in 2017. In fact, some of the trends determining the future of the physical security industry have been in place for many years. However, not every event in 2018 can be foreseen or easily predicted. To be sure, it is sometimes the surprises that keep life interesting! We asked this week Expert Panel Roundtable: What will be the security marke...